A news release said the plan, available to investors nationwide, now allows investors to choose from three risk-adjusted age-based investment tracks to suit their risk tolerance. The plan’s existing age-based investment track was renamed the Growth Age-Based Asset Allocation, and two new tracks were introduced — the Conservative Age-Based Asset Allocation and Moderate Age-Based Asset Allocation.

“I’m pleased that Franklin Templeton has increased the number of investment options in its 529 college savings plan,” said Michael Angulo, executive director of HESAA. “This provides families with even more choice and flexibility when it comes to investing for future college costs.”